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Financial markets survey 17.12.2018

17 December 2018

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The previous week registered a rather ambiguous format for the US financial markets. Investors reacted to statistical data for the American economy and estimated the development of the US foreign trade conflict with China. Output in processing industry did not change in November, although experts expected it to grow 0.3%. The weakness in processing industry is largely connected with consequences of the trade war between the US and China, as well as growing costs of borrowing. On the whole, industrial output in the US rose 0.6% in November 2018.